The South Stream gas pipeline is project of high priority for Bulgaria, Prime Minister Boyko Borisov has declared. Borisov has pointed out the financial benefits of projects like South Stream that make use of his country’s geostrategic location. He added that the money gathered by Bulgaria from this project will be used for “retirement pensions, salaries and asphalt,” the latter referring to [...]
May 20, 2012 | Posted in
Energy |
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A project company will be established within the next 10 days for the construction of Unit 7 at the country’s only existing nuclear power plant in the Danube town of Kozloduy, the country’s Economy and Energy Minister Delyan Dobrev said Monday. Currently, a working group is developing a road map for the project. Once the [...]
May 2, 2012 | Posted in
Energy |
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Bulgarian PM Boyko Borisov said that his cabinet will work toward and expects actually lowering the prices of fuels in the country. “The government expects to further reduce the prices of fuels and has good arguments about that,” stated Borisov while on a visit to Plovdiv Sunday. “Cabinet makes many efforts to reduce fuel prices, but in all cases, interests [...]
April 30, 2012 | Posted in
Energy |
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What made VTB and VTB Capital decide to enter the Bulgarian banking market at the present moment? Why didn’t you come to Bulgaria earlier – or later? Generally speaking, VTB has been developing over the past decade by either purchasing, or growing organically in a number of countries and different regions. We are present in [...]
March 9, 2012 | Posted in
Interview |
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Bulgaria is no different than the common trend of decline in the number of reservations for winter vacations, according to the Minister of Economy, Energy and Tourism, Traicho Traikov. Traikov spoke for the media Friday, after being asked to comment on fears of the tourist sector about a decline of bookings from Russian and UK [...]
December 6, 2011 | Posted in
Tourism |
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Russian nuclear energy company Rosatom‘s price offer for Bulgarian Belene NPP is spectacularly low and Bulgaria should hasten to accept it, said Rosatom‘s vice-director Kirill Komarov. “Taking into account the raging economic crisis in Europe, we have made a very attractive proposal for Belene. It is hard to believe that we will ever make such [...]
December 6, 2011 | Posted in
Energy |
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The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised. Speaking Saturday from the Black Sea city of Varna, Traikov, however, stressed that the most important issue was who the investor is, not the buyer. He added that there [...]
September 7, 2011 | Posted in
Industry |
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A total of nine bodies have been discovered since the Russian “Bulgaria” boat sank Sunday, with local authorities claiming there is little chance for survivors to be found. A total of 80 people have been rescued, but scores are still missing after the two-deck river cruiser sank in the Volga river. Chances that any survivors may [...]
July 11, 2011 | Posted in
Society |
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Bulgaria has demanded that Belene nuclear project is frozen for another three months as of July, the energy and economy minister announced on Friday. “We have proposed a three-month delay so that we have time to catch up with the so-called back office work,” Minister Traicho Traikov said at a conference about the energy infrastructure, [...]
June 18, 2011 | Posted in
Energy |
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Exclusive interview with Nikolay Mladenov, Minister of Foreign Affairs of the Republic of Bulgaria, for Novinite.com (Sofia News Agency). Nikolay Mladenov was appointed Minister of Foreign Affairs of the Republic of Bulgaria by the 41st National Assembly on January 27th 2010. Between July 2009 and January 2010 he was Minister of Defense of the Republic [...]
June 18, 2011 | Posted in
Interview |
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